XRP News Today: XRP Falls 0.71% as Key $3 Support Levels Under Pressure

XRP’s price continues to face downward pressure as it nears critical support levels, with recent data showing a 0.71% decline over the last 24 hours, bringing the price to $3.04 [1]. The asset has broken below the immediate support of $3.0932, signaling ongoing bearish momentum and raising concerns among traders [1]. Analysts from COINOTAG have emphasized the importance of the $3.00 and $2.9873 support levels, noting that a failure to hold these could lead to a further decline toward $2.80 [1]. The broader market environment remains volatile, with XRP underperforming the cryptocurrency sector’s 1.72% drop [7].

On longer-term charts, XRP is approaching a critical support at $2.9873. A confirmed breakout below this level could accelerate the downtrend toward the $2.80 range, reflecting sustained selling pressure and bearish sentiment [1]. The current market action suggests that traders are closely watching these levels, with the $3.00 mark serving as a psychological barrier and a potential catalyst for further declines if not defended by bullish participants [1].

In terms of broader market context, XRP’s recent performance has coincided with a 14% drop from its July 18 high [6]. While whale activity has increased, it has not yet translated into a meaningful upward move, leaving the market in a state of cautious anticipation [6]. Institutional developments, including the SEC’s approval of in-kind transactions for crypto ETPs, may offer a more efficient trading environment but have not yet alleviated concerns about XRP’s adoption and network utility [3]. Tokenized assets on the XRP Ledger remain at $134 million, trailing behind platforms such as Avalanche ($190 million) [3].

Futures open interest for XRP has also seen a significant drop, falling by $2.4 billion since mid-July to $8.8 billion [3]. This decline indicates reduced leveraged exposure, though the figure remains 48% higher than the levels seen a month ago, suggesting continued but moderated market participation [3]. Meanwhile, institutional interest in cryptocurrencies is growing, with figures like Ray Dalio recommending a 15% allocation to Bitcoin and gold—marking a notable shift from his earlier stance [3].

XRP’s future trajectory will likely depend on macroeconomic clarity and potential regulatory developments, particularly around ETF approvals and corporate partnerships [5]. For now, traders are advised to monitor the $3.27 level as a key technical inflection point, with prices above this threshold signaling the possibility of a near-term rebound [8]. As the market navigates uncertainty, XRP’s path forward will hinge on its ability to attract sustained adoption and regulatory clarity—factors that remain under active debate among analysts and investors [7].

Source: [1] XRP Price Faces Potential Further Decline Toward $3 Support Amid Market Selling Pressure (https://en.coinotag.com/xrp-price-faces-potential-further-decline-toward-3-support-amid-market-selling-pressure/)

[3] Daily Crypto Signals: Bitcoin Holds $117K as XRP Faces Pressure Amid SEC ETF Approvals (https://www.fxleaders.com/news/2025/07/30/daily-crypto-signals-bitcoin-holds-117k-as-xrp-faces-pressure-amid-sec-etf-approvals/)

[5] Ripple Whales Keep Buying: When Will XRP's Price Respond? (https://cryptoadventure.com/ripple-whales-keep-buying-when-will-xrps-price-respond)

[6] Crypto Today: Bitcoin, Ethereum, XRP on cusp of another ... (https://www.mitrade.com/insights/news/live-news/article-3-994574-20250729)

[7] PayPal Embraces XRP—Price Outlook Hinges on SEC ... (https://www.fxempire.com/forecasts/article/xrp-news-today-paypal-embraces-xrp-price-outlook-hinges-on-sec-etf-vote-btc-dips-1537040)

[8] Why Is Crypto Going Up Today? Bitcoin Hits $120K, ... (https://www.tradingview.com/news/financemagnates:054aab141094b:0-why-is-crypto-going-up-today-bitcoin-hits-120k-ethereum-price-at-2025-high-dogecoin-and-xrp-follow/)